Bajaj Auto Shelves Plan to Make Minicar for Renault, Nissan

PUNE, India—Bajaj Auto Ltd. Thursday said it has shelved a project to develop a low-cost minicar in India for Renault SA and Nissan Motor Co., deciding the project was commercially unviable.

"We don't intend to get into the low-margin [passenger car] business," Rajiv Bajaj, the company's managing director said. Bajaj Auto, India's second largest motorcycle maker by sales, was set to develop the low-cost minicar for...